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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Great Escape

Great Escape

Events

UPCOMING ECONOMIC EVENTS...
* Feb. 8-12 ~ Shanghai Index closed for Chinese New Year holiday
* Feb. 8-10 ~ Hong Kong Index closed for Chinese New Year holiday
* Wed. Feb. 10 @ 10:00 am ET ~ Yellen testifies on Semiannual Monetary Policy Report before House Financial Services Committee
* Thurs. Feb. 11 @ 10:00 am ET ~ Yellen testifies on Semiannual Monetary Policy Report before Senate Banking Committee
* Wed. Feb. 17 @ 2:00 pm ET ~ FOMC Minutes
* Wed. Mar. 2 @ 2:00 pm ET ~ Beige Book Report
* Fri. March 4 @ 8:30 am ET ~ Employment Data
* Sun. March 13 ~ Daylight Saving Time begins for U.S. & Canada...click here for world times
* Tues. Mar. 15 ~ 2-day FOMC Meeting Begins
* Wed. Mar. 16 @ 2:00 pm ET ~ FOMC Announcement & Forecasts & @ 2:30 pm ET ~ Fed Chair Press Conference
* March 25 ~ U.S. markets & other world markets closed for Good Friday holiday
*** Click here for link to Economic Calendars for all upcoming events

Wednesday, November 30, 2011

Liquidity Solved...Unemployment is Not

The markets soared this morning after this news article was released regarding a coordinated action by major central world banks to provide liquidity to the global financial system as a preemptive strike against rising stresses in the banking system: http://www.reuters.com/article/2011/11/30/us-markets-global-idUSTRE7AK01K20111130

In contrast, there was no negative market reaction to today's monthly data release which showed a rise in the European unemployment rate to 10.3% (its highest level in 11 years), as shown in the graph below (provided courtesy of www.forexfactory.com):


The banks are happy...are the citizens?